|By Marketwire .||
|March 12, 2013 12:57 AM EDT||
SINGAPORE -- (Marketwire) -- 03/12/13 -- Pacnet today announced a US$90 million investment to build a new Tier III data center in Singapore to meet the region's accelerating demand for connected, advanced data center and managed services. The new facility will build on strategic initiatives, that Pacnet previously announced, to focus on managed services deployed in data centers and leveraging its substantial network assets throughout Asia to serve Enterprise and Carrier customers.
"As one of the world's most dynamic economic and financial hubs, Singapore continues to have appetite for data center services, and supply has struggled to keep up," said Jim Fagan, President of Managed Services at Pacnet. "This new facility not only provides customers with data center and connectivity services in Singapore, but gives them access to Pacnet's broad portfolio of managed services, allowing them to interconnect their data requirements throughout Asia."
According to Frost & Sullivan, the Singapore data center services market is expected to grow from US$223 million in 2010 to US$550.3 million in 2017, at a compound annual growth rate of 13.8 percent(1).
Strategically located in the Paya Lebar area, the eight-storey, 157,000 square foot standalone facility will meet Tier III data center standards and is slated for completion in the fourth quarter of 2013. The facility will be compliant with standards of the BCA Green Mark certification, Singapore's equivalent of the Leadership in Energy and Environmental Design (LEED) certification by the U.S. Green Building Council (USGBC).
"This facility reinforces our commitment to providing high quality, innovative data center solutions to the Singapore market, addressing customers' needs for margin improvement, while continuing to meet environmental requirements," said Mr Fagan.
The new data center is designed to support customer requirements for high-power density needs through the supply of 12 MVA utility connections (upgradable to 15MVA). It will be capable of supporting 1,500 high power density racks with an initial IT load of 6 Megawatts.
The facility will be carrier neutral and will be directly connected to Pacnet's wholly-owned submarine cable networks with fully redundant power and cooling systems, advanced fire detection and suppression systems, as well as state-of-the-art security access systems.
Pacnet currently operates over 300,000 square feet of data center space across 16 cities in the region that are interconnected by Pacnet's high speed network.
Pacnet is Asia Pacific's leading provider of integrated network and technology solutions for enterprise, service provider, and carrier customers. Ownership of the region's most extensive high-capacity submarine cable systems with over 46,000 km of fiber and connectivity to 24 data centers -- including its facilities in Hong Kong, Singapore, and Sydney -- gives Pacnet unparalleled reach to major business centers throughout the region including Japan, China, India, and the United States. Combined with a complete set of services for managed data, private line, hosting, co-location, and content delivery, its assets and experience in the region have helped Pacnet service large businesses worldwide including many of the Fortune 1000. Pacnet is headquartered in Hong Kong and Singapore, with offices in all key markets in Asia and North America. For more information, please visit: www.pacnet.com.
(1) Asia-Pacific Datacenter Services Market 2010, Frost & Sullivan, June 2012